Letter: Automaker bailout a success, no downside at all

It has been great to see so many stories in the Flint Journal about the Detroit Auto Show, the focus on the exciting new domestic models, and especially, the tremendous current success of the American automobile industry! In fact, one report predicted that General Motors is about to resume its place as the world's leading auto manufacturer.

This is something in which we, in the Flint area, can take great pride. Only three years ago, the American automobile industry was on the brink of extinction. Now it is thriving, making an immense contribution to the recovery of our national economy and, most importantly, it saved thousands of American manufacturing jobs and has plans to add more.

We are fortunate to have President Barack Obama — a president with the foresight and wisdom to reach out and save America's greatest industry. Soon that loan will be entirely repaid. No down side at all, whatsoever.

Isn't it incredible that, despite this colossal American success story, some politicians still have the audacity and poor judgment to say that the loan to the industry was somehow a bad idea? Even Romney, who seeks votes, says he would have allowed this industry to sink into bankruptcy and oblivion. I guess we have to be glad he wasn't the president when this important all-American industry needed our helping hand.